Peregrine Capital Management LLC Cuts Holdings in Stifel Financial Corp. (NYSE:SF)

Peregrine Capital Management LLC decreased its position in Stifel Financial Corp. (NYSE:SF) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,641 shares of the financial services provider’s stock after selling 53,580 shares during the period. Peregrine Capital Management LLC owned 0.15% of Stifel Financial worth $15,874,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SF. Mather Group LLC. increased its holdings in Stifel Financial by 14.6% in the 4th quarter. Mather Group LLC. now owns 707 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 90 shares during the last quarter. CIBC Asset Management Inc boosted its position in Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 102 shares during the period. Tributary Capital Management LLC increased its stake in shares of Stifel Financial by 1.0% in the third quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 126 shares in the last quarter. CWM LLC raised its position in shares of Stifel Financial by 3.8% in the third quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 145 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Up 1.6 %

Shares of SF stock opened at $110.50 on Tuesday. The business has a 50-day moving average price of $109.99 and a two-hundred day moving average price of $101.99. Stifel Financial Corp. has a 12-month low of $72.78 and a 12-month high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market cap of $11.31 billion, a P/E ratio of 17.71 and a beta of 1.11.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Equities analysts anticipate that Stifel Financial Corp. will post 8.26 EPS for the current fiscal year.

Stifel Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is currently 26.92%.

Analysts Set New Price Targets

SF has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup boosted their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. TD Cowen increased their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. UBS Group lifted their price objective on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. initiated coverage on Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and an average price target of $117.71.

Stifel Financial Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.